The standard cost of manufactured by Farell Company includes 3 units of direct materials at...
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Accounting
The standard cost of manufactured by Farell Company includes 3 units of direct materials at $5 per unit. During June, 29,000 units of direct material are purchased at a cost of $4.70 per unit and 29,000 units of direct materials are used to produced 9,400 units of Product B. Compute the total materials variance and the price and quantity variances.
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